US dollar edged higher against major Ahead of Fed Minutes

The US dollar edged higher against its major counterparts in Wednesday's early European session, as investors awaited the release of the minutes from the July meeting later in the day for more evidence of further interest rate cuts in the coming months.

Neil Kashkiri: The Fed should add guidance to cut rates

One of the most cautious central bankers in the United States has suggested that the Federal Reserve should make a "minimum" that interest rates will not be raised until core inflation returns to a 2% target on a sustainable basis. Neil Kashkari wrote in an article published on Wednesday in the Financial Times, that the communication tool known as forward guidance should accompany another reduction in borrowing costs in September.

The Minneapolis Fed chairman said the assertion that market participants and consumers would support the economy was stronger than the traditional easing alone. He cited a slowing global economy, highlighting weak domestic corporate spending and warned that the main section of the yield curve on Treasury bonds briefly overturned last week.

The FOMC voting member said next year that resorting to forward guidance only after rates were actually at zero would be someone who "drives a car in a hole" and claims to keep it there on purpose. In his view, policymakers should take advantage of the opportunity to influence the situation in the long term before it is too late.

Other analysis

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market.
Time frame Used - four hours
The USD/JPY is moving in a bullish direction in the near term.
USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

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